Science & Technology
Science and Technology
Science and Technology
Fri, July 29, 2011
Bridgewater Provides Update on Status of Regulatory Approvals and Reminder of Upcoming Special Meeting of Shareholders
OTTAWA, July 29, 2011 /CNW/ - Bridgewater Systems (TSX:BWC) (the "Company" or "Bridgewater"), the global leader in intelligent broadband controls, today announced that in connection with the proposed plan of arrangement (the "Arrangement") between Bridgewater and Amdocs Limited (NYSE:DOX), a no-action letter and a waiver of the notification requirement have been issued under the Competition Act (Canada) and the applicable waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired without any objections to the consummation of the Arrangement being made.
Bridgewater would like to remind shareholders that the special meeting of shareholders to consider and, if thought appropriate, approve the Arrangement will be held on Friday, August 5, 2011 at 9:00 a.m. (EDT) at the Brookstreet Hotel, 525 Legget Drive, Ottawa, Ontario, Canada. Shareholders are also reminded that whether or not they intend to attend the upcoming meeting, proxies need to be completed and returned before 9:00 a.m. on August 3, 2011. Shareholders who hold their shares through a broker, bank or other nominee are also reminded that they may vote by internet, telephone or fax in accordance with the instructions included with their meeting materials.
The meeting will be webcast live. To access the webcast, go to [ http://www.bridgewatersystems.com/Event-Calendar.aspx ] or [ http://www.newswire.ca ]. Please connect at least 15 minutes prior to the start of the webcast to ensure adequate time for any software download that may be required. An archived replay will be available for 365 days.
About Bridgewater Systems
Bridgewater Systems, the leader in intelligent broadband controls, provides pre-integrated solutions for mobile and converged operators to transform their networks, optimize mobile data growth, and innovate with new services. The Bridgewater portfolio of carrier-grade products includes Service Controller (AAA), Policy Controller (PCRF) and Home Subscriber Server (HSS), anchored by a common identity and device management system. More than 150 leading service providers worldwide leverage Bridgewater to create and deliver profitable services to consumer, enterprise, cloud and machine markets. For more information, visit us at [ www.bridgewatersystems.com ].
Bridgewater, Bridgewater Systems, the Bridgewater Systems logo, WideSpan, Smart Caps, and Subscriber Data Broker are trademarks or registered trademarks of Bridgewater Systems Corporation. All other company, product names and any registered and unregistered trademarks mentioned are used for identification purposes only and remain the exclusive property of their respective owners.
Forward-Looking Statements
This media release includes certain forward-looking statements within the meaning of applicable securities laws relating to the proposal to acquire Bridgewater. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. The completion of the proposed transaction is subject to a number of terms and conditions, including, without limitation: (i) shareholder approval, (ii) necessary court approval, (iii) the satisfaction or waiver of conditions in the Arrangement Agreement, and (iv) certain termination rights available to the parties under the Arrangement Agreement. These approvals may not be obtained, the other conditions to the transaction may not be satisfied in accordance with their terms, and/or the parties to the Arrangement Agreement may exercise their termination rights, in which case the proposed transaction could be modified, restructured or terminated, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with a transaction, that the ultimate terms of the transaction will differ from those that are currently contemplated, and that the transaction will not be successfully completed for any reason (including the failure to obtain any required approvals). Bridgewater does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
